Gbpjpy - H4 - Price is making bearish swings now as the recently rally in jpy pairs comes near an end or correction. Expecting huge downside on this pair 300-400 pips target
Looking to short GBPJPY on retest of 157.500 4H Timeframe: - Intraday bullish trend has been broken as pair has closed below the ascending trendline and has just created a LL. - Looking to short GJ at 157.500 which coincides with 78.6 key fib retracement level. - TP: Possible pullback trade to monthly key level could be seen prior to a continuation to the upside.
hi dear traders. For today we can watch GBPJPY, as it is about to complete a correction, which seems to be an ABC. price has reached to a strong PRZ and also time factors has been satisfied. we can speculate that this correction is at its end and wait for a conformation to go short. If price manages to hit its Trigger (few ticks lower than 153.663), we can enter...
H4 time frame. Structure: Downtrend. The price broke the key level of the uptrend. After breaking the Key level, the price formed a consolidation zone from 150.800 - 151.600. If the price breaks out of this consolidation zone, it is likely that the price will recover to 152.000. Here, if there is a reversal signal, it is possible to sell early. If the price from...
Hello Traders and Analysts, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment...
Hello everyone, GBPJPY has been moving in a bearish direction, it retested the downtrend resistance and now we expect bears to open more short positions! Good RRR trade, good luck everyone.
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It's a new week i hope you are pumped for the trading weekend. On the opening of the market, we can see a possible high forming on the hourly and breaking the high @ 149.761. If the market can close above 149.761, we should expect a bullish run or push up to 151.010. Meanwhile, on the H4, price seem to be respecting our support line @ 149.471. On that note....
In the last post for this pair (week 30) we successfully predicted the correction that followed. The price also rebounded from the support area as forecasted. For this week, as we look on the 4h timeframe we see a consolidation that is taking place below the resistance area marked on the chart at 153,5. This structure has a higher probability of breaking to the...
I was unlucky with my last prediction on this pair, however I am still expecting a break lower on GBPJPY. As we can see from the chart it is consolidating just below the 4 hour descending TL, around the 135 psychological level. Although we are currently moving in a sideways market my bias is to the downside. I'm hoping that with some GBP weakness this week we...
GBPJPY broke its resistance curve line and now retouch the line. Good daily and weekly candlestick pattern and ascending scallop says time to long this pair.
First of all, taking a look at the DAILY timeframe, we can observe that the price has printed some serious bearish candles. Moreover, switching to lower timeframes, we can clearly see that the price has rejected the local structure and is now headed to the downside. We are expecting the price to reach the area plotted on the chart
When we look at the 4h timeframe we have one move to the upside that started on the 20th of July. Now the price is near the resistance area at 153.5 and the higher probability move is a correction in this area after the price touches or breaks the resistance. This move can be a sharp correction that reaches the lower bound of the red channel marked on the chart or...
As we can see from the illustration, the overall market direction is bearish. The price attempted a fake breakout to the upside to catch retail Stop Losses, and it is now getting ready to drop. We will be opening Sell positions and aiming for the target shown on the chart
For this pair we give a higher probability for a move to the upside near term. When we look at the 4h timeframe, if the price breaks the resistance area (154.200) and after that the red trendline, we are looking at a move that will most probably create a new top. Every consolidation below or above the resistance area are good entry points for the move to the...
As we look at the 4h structure for this pair the price action structure is making a bigger consolidation that prepares the next move to the upside. We think the higher probability move for pound yen is to at least break the top. This doesn’t mean that in this consolidation we can’t have a new low, but we think the support at 153.500 should hold and if the down...